- SeriesBUSD 600M — Amount: USD 600M; Post-money valuation: USD 5.6B (pre-money USD 5B); Led by: CapitalG (Alphabet) | CapitalG, Alphabet's growth fund, led the round, with NVIDIA and T. Rowe Price joining as new investors. Pre-money USD 5B → Post-money USD 5.6B; valuation rose from USD 2.4B to USD 5.6B in one year. Strategic implication: Both Alphabet (cloud compute) and NVIDIA (GPU), major players in the AI infrastructure layer, appeared on the shareholder list simultaneously, highly similar to Skild AI's shareholder structure—capital is betting on both the robot model layer and the compute layer supporting it. | Source: Physical Intelligence Announcement (2025-11-20)
- SeriesAUSD 400M — Amount: USD 400M; post-money valuation: USD 2.4B; led by Jeff Bezos. Bezos personally led USD 400M at a USD 2.4B valuation—only 8 months after the seed round, with valuation rising 6x. Timing is key: this round closed one month after the release of the π0 model (Oct 2024). The investor structure presents a combination of "top-tier financial VC + OpenAI + Bezos," with OpenAI adding capital in two consecutive rounds. Source: Physical Intelligence Announcement (2024-11-04)
- Seed RoundUSD 70M — Amount: Approx. USD 70M; Post-money valuation: Approx. USD 400M; Led by Thrive Capital | The company completed an approx. USD 70M seed round shortly after its founding in early 2024, with a post-money valuation of approx. USD 400M. Founder team density was the core pricing factor: CEO Karol Hausman is a former senior research scientist at Google DeepMind, Chief Scientist Sergey Levine is one of the most cited researchers in robot learning at UC Berkeley, and Research Lead Chelsea Finn is a representative figure in meta-learning (MAML) at Stanford. OpenAI entered during the seed round. | Source: Aggregated public reports / Dealroom
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